Multiple Choice
Lone Star Plastics has the following data: Assets: $100,000; Profit margin: 6.0%; Tax rate: 40%; Debt ratio: 40.0%; Interest rate: 8.0%: Total assets turnover: 3.0.
What is Lone Star's EBIT?
A) $ 3,200
B) $12,000
C) $18,000
D) $30,000
E) $33,200
Correct Answer:
Verified
Correct Answer:
Verified
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